Publisher's Synopsis
Money and Bimetallism: A Study of the Uses and Operations of Money and Credit (1898) by Henry A. Miller is a comprehensive analysis of the monetary system and the role of bimetallism. The book provides a historical overview of the evolution of money and credit, from the barter system to the modern banking system. It explores the different types of money, including gold, silver, and paper currency, and their impact on the economy.The author discusses the benefits and drawbacks of bimetallism, which is the use of two metals, typically gold and silver, as legal tender. He argues that bimetallism can stabilize the economy by providing a flexible currency that can adjust to changes in the supply and demand of gold and silver. However, he also acknowledges the challenges of implementing bimetallism, including the difficulty of maintaining a fixed ratio between the two metals.In addition to discussing the theoretical aspects of money and credit, Miller provides practical examples of how the monetary system operates in different countries. He examines the experiences of countries such as France, Germany, and the United States, and how they have dealt with issues such as inflation and currency fluctuations.Overall, Money and Bimetallism is a valuable resource for anyone interested in understanding the complexities of the monetary system and the role of bimetallism in shaping economic policy. It provides a historical perspective on the evolution of money and credit, as well as practical insights into how the monetary system operates in the modern world.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
